Hyatt Hotels Given Neutral Rating at Macquarie (H)
Hyatt Hotels (NYSE:H)‘s stock had its “neutral” rating restated by analysts at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a $65.00 price objective on the stock, up from their previous price objective of $60.00. Macquarie’s price target points to a potential upside of 6.42% from the company’s current price.
Hyatt Hotels (NYSE:H) traded down 0.77% on Wednesday, hitting $60.61. The stock had a trading volume of 231,644 shares. Hyatt Hotels has a one year low of $37.74 and a one year high of $61.97. The stock’s 50-day moving average is $58.11 and its 200-day moving average is $52.60. The company has a market cap of $9.388 billion and a price-to-earnings ratio of 37.75.
Hyatt Hotels (NYSE:H) last announced its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.02. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.09 earnings per share. Hyatt Hotels’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Hyatt Hotels will post $1.08 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura raised their price target on shares of Hyatt Hotels from $59.00 to $73.00 in a research note on Friday, May 30th. Separately, analysts at Robert W. Baird raised their price target on shares of Hyatt Hotels from $56.00 to $61.00 in a research note on Monday, May 5th. Finally, analysts at MKM Partners downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $64.00 price target on the stock, up previously from $61.00. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.20.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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